foreign currency – Albanian  Telegraphic  Agency. https://en.ata.gov.al News Agency Wed, 01 Sep 2021 17:19:47 +0000 en-US hourly 1 Bank lending denominated in foreign currencies rises 4.1 % in June https://en.ata.gov.al/2021/09/01/bank-lending-denominated-in-foreign-currencies-rises-4-1-in-june/ https://en.ata.gov.al/2021/09/01/bank-lending-denominated-in-foreign-currencies-rises-4-1-in-june/#respond Wed, 01 Sep 2021 17:15:29 +0000 http://en.ata.gov.al/?p=159507 TIRANA, Sept 1 /ATA/ – The share of bank lending to businesses denominated in foreign currencies saw a stable growth by 4.1% in the end of June, mainly driven by increase in lending for investment projects, the Bank of Albania said on Wednesday.

According to central bank, lending in Albanian currency lek slowed to 9.8%, reflecting the weakness of lending to meet liquidity needs.

This portfolio also reflects the least benefit from the relief measures provided by the government to soften the COVID-19 pandemic effects mostly in the second quarter of the last year.

The bank lending to business in June was dominated by foreign currency-denominated loans, accounting for 57.6 % of the total, down by 1.6 % compared to the same period of the previous year, reflecting the shift of the loan portfolio towards the national currency in response to favorable interest rates that were further lowered with the onset of the pandemic.

/j.p/r.e/u.sh/

]]> https://en.ata.gov.al/2021/09/01/bank-lending-denominated-in-foreign-currencies-rises-4-1-in-june/feed/ 0 Albanian Lek lost ground against foreign currencies https://en.ata.gov.al/2021/04/13/albanian-lek-lost-ground-against-foreign-currencies/ https://en.ata.gov.al/2021/04/13/albanian-lek-lost-ground-against-foreign-currencies/#respond Tue, 13 Apr 2021 14:17:03 +0000 http://en.ata.gov.al/?p=141389 TIRANA, April 13 /ATA/- On Tuesday, in the local foreign currency exchange market, the Albanian Lek lost ground against the foreign currencies compared to a day earlier.

According to the official exchange rate of the Bank of Albania, Euro 1 got exchanged with 122.99 lek, or 0.02 lek more than a day earlier, while the USD got exchanged with 103.39 lek, or 0,027 lek more than a day before.

The British pound got exchanged with 142.29 lek or 0.23lek more than a day earlier. While, the Swiss franc got exchanged at the price of 111.80 lek or 0.11 lek less than a day before. //a.i/

]]> https://en.ata.gov.al/2021/04/13/albanian-lek-lost-ground-against-foreign-currencies/feed/ 0